§ Mr. Tim Smithasked the Chancellor of the Exchequer what is the estimated cost in 1985–86 of the tax relief on (a) charitable deeds of covenant and (b) non-charitable deeds of covenant.
§ Mr. Moore[pursuant to his reply, 22 July 1985]: I regret that information is not available for 1985–86. In 1984–85, relief in respect of covenants to charities (including higher rate relief to covenanting donors) is estimated at about £115 million. I regret that information is not available in respect of all non-charitable deeds of covenant; but in 1983–84, repayments to students are estimated to have totalled some £55 million.